Archive for the ‘PCRI’ Category

July 13, 2017 · by Travis Phillips · Featured, PCRI

Oregon’s growing economy and quality of life are attracting more and more new residents every year. However, rising housing costs in cities and rural areas are making it increasingly difficult to live here. Cities like Portland are experiencing problematic impacts from gentrification and displacement, while many parts of rural Oregon are facing a deteriorating and insufficient housing stock. Across the state, communities struggle to create an environment where small businesses can thrive.

Oregon Summit FlyerNCRC’s Oregon Reinvestment Summit, taking place October 2, 2017 in Portland, Oregon, will bring together rural and urban community-based organizations, from fair housing organizations, community development corporations (CDCs), policy organizations, and financial institutions to exchange knowledge and develop strategies to promote economic opportunity for all Oregonians.

Please register and join us! Registration is open through September 15 and attendees using PCRI’s link are able to attend at the member rate!

FEATURING WORKSHOPS AND PLENARIES ON:

  • Equitable development in gentrifying communities
  • Rural development
  • Bridging the urban-rural divide
  • Transitioning from renting to homeownership
  • Community reinvestment
  • Capital and credit for small businesses
  • Affirmatively furthering fair housing
  • Increasing availability of workforce housing
  • Community development partnerships

Special Community Member rates and scholarships are available for people who are experiencing financial hardship. Email Caitie Rountree at NCRC for more information.

The Oregon Reinvestment Summit is convened in partnership with the National Community Reinvestment Coalition (NCRC), CASA of Oregon, Fair Housing Council of Oregon, Housing Land Advocates, Oregon Opportunity Network and PCRI.

Click on the flyer to the right for a downloadable copy. New information will be posted as it is available – check back for updates!

July 11, 2017 · by Travis Phillips · PCRI, The Beatrice Morrow
Forms are placed for concrete first floor walls at the Beatrice Morrow building

Forms are placed for concrete first floor walls at the Beatrice Morrow building

We’re going up! Following completion of concrete footings, first floor columns and walls are being formed, reinforced, and concrete will be poured. This work will be completed in three phases with each phase lasting approximately one week.

During the coming weeks, some street closures are expected in order to ensure safety and facilitate this work:

  • Ivy Street at NE Martin Luther King Blvd: 7/7-7/13 and 7/17
  • Parking spaces on NE Cook Street near NE Martin Luther King Blvd until 11/13

Additional information and prior construction updates can be found HERE. Completion of the 80-unit mixed-use commercial and residential building is anticipated in mid-2018 and all apartments are expected to be leased by the end of 2018.

July 6, 2017 · by Travis Phillips · Featured, PCRI, The Beatrice Morrow
Colas Construction crews work on footings for the new Beatrice Morrow building

Colas Construction crews work on footings for the new Beatrice Morrow building

As construction progresses at The Beatrice Morrow, the health and safety of future residents as well as the larger community remain of critical importance to PCRI. Throughout construction, environmental inspections are being performed to verify the site is safe for future residents and neighbors. To this end, we are happy to report that inspections performed at the start of construction have identified less remediation required than anticipated.

Prior to construction, environmental inspections and soil samples identified one area of potentially lead-impacted soil at the site. During excavation, further tests were performed on this area of soil. Presence of lead in the surface soil was identified, although testing revealed that deeper soil was not affected. The impacted soil was removed and transported to a facility certified for disposal.

Additional environmental tests have been performed in other areas of the site to assess any potential environmental or health concerns and all tests have come back negative for possible hazards.

Footings have now been poured and the vertical construction of the building will be underway soon. As construction continues, the development team will continue to utilize our third-party environmental consultant to assess any areas of concern and perform tests to ensure the ongoing safety of the site.

Additional information and prior construction updates can be found HERE and additional environmental information can be found HERE. Completion of the 80-unit mixed-use commercial and residential building is anticipated in mid-2018 and all apartments are expected to be leased by the end of 2018.

Aerial view of the Beatrice Morrow site, July 6, 2017

Aerial view of the Beatrice Morrow site, July 6, 2017

July 6, 2017 · by Travis Phillips · Featured, PCRI
RetentionVolunteer

PCRI maintenance techs volunteer at the home of a North Portland senior, painting and performing critical home repairs.

PCRI is thrilled to be a recipient of CareOregon’s 2017 grant funding. The $50,000 grant will expand PCRI’s Senior Homeownership Retention and Repair Program, focused on helping North and Northeast Portland senior homeowners who need assistance with critical home repairs or retaining home ownership.

“These grants continue CareOregon’s emphasis on working with our community partners to address social determinants of health, particularly housing issues. Along with adverse childhood events, this is a key goal for CareOregon management and our board of directors,” said Eric C. Hunter, chief executive officer and president.

CareOregon’s spring 2017 grant cycle was focused on overcoming housing insecurity, helping address one of the biggest socioeconomic barriers to effective health care. In all, $300,000 in development investment grants were made to seven organizations that focus their efforts on reducing housing insecurity, including organizations which PCRI partners with to identify and assist eligible senior homeowners such as Northwest Pilot Project and the Store to Door program.

“Our experience in providing care through the Oregon Health Plan has made it clear that this population is at a greater risk for housing insecurity, as well as other social and economic factors, than the average Oregonian.”

CareOregon’s bi-annual community-benefit giving additionally awarded almost $115,000 in nine smaller grants within the organization’s core focus areas: childhood development, member and community empowerment, social determinants of health and Community Health Improvement Plan goals in its service areas.

“A common theme of these grants is that they are to programs that are primarily direct services for young children and families at high risk of experiencing poor health outcomes,” Hunter said. “We know that if we can have a positive impact on families’ health early on, that impact will not only provide benefits now, but will continue to have benefits for them and our community for many years into the future.”

CareOregon serves the largest number of Medicaid recipients in the state through its affiliation with four Coordinated Care Organizations. For more about the grants, see http://bit.ly/co-2017-spring-grant-recipients. For more information about PCRI’s Senior Homeownership Retention and Repair Program, click HERE.

June 7, 2017 · by Travis Phillips · PCRI, The Beatrice Morrow
Excavation and site work begins at the Beatrice Morrow site

Excavation and site work begins at the Beatrice Morrow site

During the final week of May, construction activity progressed at The Beatrice Morrow Apartments. Work primarily consisted of installation of the storm water drainage systems and excavation for building footings. Installation of concrete forms and additional preparation for building footings will continue in early June.

For the week of June 12, construction crews will close NE Ivy Street where it meets Martin Luther King Jr. Blvd. to allow for installation of the sanitary sewer connection. The street will be closed beginning Monday or Tuesday and may last through the week. Crews will re-open the road as soon as it is safe to do so. East of the work site, Ivy Street will remain open to NE 7th Avenue. Additional intermittent closures are likely to occur in the coming weeks to ensure safety while concrete pours are performed. Details of future street closures will be communicated as soon as they are confirmed.

The City of Portland is reviewing the development team’s proposed Transportation Management Plan which details any additional construction-related impacts sidewalks and streets. Once approved by the Portland Bureau of Transportation, this information will be shared by the development team.

Additional information and prior construction updates can be found HERE. Completion of the 80-unit mixed-use commercial and residential building is anticipated in mid-2018 and all apartments are expected to be leased by the end of 2018.

May 30, 2017 · by Travis Phillips · PCRI, The Beatrice Morrow

Construction activity at The Beatrice Morrow Apartments site began May 22. Although activity during the first week of construction focused primarily on mobilizing and setting up construction equipment, more significant activity is expected to be underway the week of May 29.

In the coming weeks, passers by and neighbors can anticipate to see increased activity as crews clear the site, begin to install underground utilities, and prepare for foundation and other concrete work. By mid-June, construction crews anticipate beginning concrete work. During this time, construction crews may intermittently close NE Ivy Street at Martin Luther King Jr. Blvd. over the course of a three-week period to accommodate equipment and safely facilitate concrete pours. East of the work site, Ivy Street will remain open to NE 7th Avenue.

The development team is preparing a Transportation Management Plan to confirm details of any additional construction-related impacts sidewalks and streets. Once approved by the Portland Bureau of Transportation, this information will be shared by the development team.

Additional information and prior construction updates can be found HERE. Completion of the 80-unit mixed-use commercial and residential building is anticipated in mid-2018 and all apartments are expected to be leased by the end of 2018.

May 24, 2017 · by Travis Phillips · Featured, New Construction, PCRI, The Beatrice Morrow

2017.05.25 B MorrowConstruction activity started on the Beatrice Morrow apartments in late May 2017. The development has the honor of being the first major housing development in Portland owned, developed, designed, and built by organizations led by African Americans: PCRI as owner and developer, Carleton Hart Architects, and Colas Construction as general contractor. In addition, apartments in the completed building will be prioritized for residents previously displaced from neighborhoods that were home to the city’s greatest concentrations of African Americans.

Immediately upon closing the project’s financing, Colas Construction began to mobilize their construction equipment and crews for development of the site named to honor Portland civil rights pioneer Beatrice Morrow Cannady. The development team is confirming details of any construction-related impacts to the neighborhood and will be communicating this information out to neighbors as soon as it is available. Completion of the 80-unit mixed-use commercial and residential building is anticipated in mid-2018 and all apartments are expected to be leased by the end of 2018.

“This project was an honor to close,” said Jodi Enos, Assistant Vice President and CDC Account Manager for U.S. Bank, the project’s investor. “The impact it will have in the community to fight gentrification is unparalleled. ”

The five-story building will be built along NE Martin Luther King Jr. Blvd between Cook and Ivy Streets. In addition to the apartments in the building’s upper floors, the ground floor will include over 6,000 square feet of commercial retail space as well as a large community room for use by the building’s residents and members of the neighborhood.

Project Partners, PCRI, and local officials joined a groundbreaking celebration for the Beatrice Morrow development

Project partners, PCRI, and local officials joined a groundbreaking celebration for the Beatrice Morrow development

“This is an important opportunity to provide access to affordable family rental housing in a neighborhood that has experienced displacement and gentrification in the past several decades,” said Ms. Fitzpatrick at a groundbreaking celebration in April 2017. “PCRI was formed as, and continues to be, a solution to involuntary displacement. This project will help ensure everyone can experience the stability, safety and dignity that a home provides.”

In addition to ensuring stability for residents, the development team has had a particular focus on creating equitable economic opportunity in the creation of the project, including partnership with Colas Construction and Carleton Hart Architects. Professional services contracted during the project’s design phase have been overwhelmingly focused on minority- and women-owned firms. In addition, Colas Construction anticipates at least 30-40% of the project’s construction will be performed by certified minority-owned, women-owned, and emerging small business firms.

Project partners include development consultant Gerding Edlen, U.S. Bank, Portland Housing Bureau, Oregon Housing and Community Services, Bellwether Enterprise Real Estate Capital, Home Forward, and Meyer Memorial Trust.

May 23, 2017 · by Travis Phillips · PCRI

Credit Building Class Flyer_ 5.31.17Are you looking for the best deals on a car? Cell phone? House? Loan? Join PCRI’s financial education program May 31 for a credit building class that covers the ABCs of credit and includes insider tips on how to build credit, even rebuilding badly damaged credit. Understanding your credit is an important step to ensure you get the best bang for your buck.

When:  Wednesday, May 31, 2017 – 6:00 p.m. to 7:30 p.m.

Where: PCRI Annex, 6601 NE Martin Luther King Jr. Blvd., Portland

Due to limited seating please RSVP to Marqueesha Merriweather at (503) 288-2923 ext. 102 or by email. Click the photo at right for a downloadable flyer.

Interested in more information about PCRI’s financial education or homeownership programs? Learn more HERE. Homeownership welcome sessions are held twice per month and additional classes will be offered each month; please check back for more information.

April 28, 2017 · by Travis Phillips · Featured, Pathway 1000, PCRI
King + Parks Apartments. Rendering: Merryman Barnes Architects

King + Parks Apartments. Rendering: Merryman Barnes Architects

On April 7, the State of Oregon Housing Stability Council voted to approve Low Income Housing Tax Credits (LIHTC)  for PCRI’s King + Parks affordable rental housing development. The LIHTC commitment provides the equity investment that is a core piece of financing for the new 70-unit apartment community.

The PCRI-led team was chosen by Portland Housing Bureau in 2016 to develop the site at the corner of NE Martin Luther King Jr. Blvd. and Rosa Parks Way, less than a block from PCRI’s main office. The new construction development will include 70 apartments, 50 of which will have two or more bedrooms. All apartments will be restricted to serve households earning less than 60% of area median income (AMI, currently just under $44,000 for a family of four). Section 8 vouchers will provide rent assistance for 20 units reserved for families earning less than 30% AMI.

PCRI and its development team are beginning focused outreach to neighbors and community members to share details and gain feedback. The development is anticipated to submit for building permits in fall 2017 and to begin construction after the New Year.

King + Parks Apartments courtyard entrance. Rendering: Merryman Barnes Architects

King + Parks Apartments courtyard entrance. Rendering: Merryman Barnes Architects

In partnership with Merryman Barnes Architects, PCRI has developed initial designs for the property that include a U-shaped building surrounding a central courtyard (pictured below). The completed building will feature on-site management on its ground floor, along with a community room and secure bicycle storage. Off-street parking is envisioned along the west side of the property, accessed by the existing alley.

In alignment with goals of PCRI’s Pathway 1000 initiative to mitigate displacement, the apartments will utilize a geographic preference policy developed by Portland Housing Bureau to provide leasing priority for current and former residents of North and Northeast Portland who have been negatively impacted and/or displaced by prior public action and investment. For more information about the preference policy, visit the Portland Housing Bureau website.

Contracting and hiring opportunities for the development are intended to benefit local business, especially minority- and women-owned firms. For more information about the development or to stay informed about contracting or employment opportunities, please sign up for our mailing list (check the box for King + Parks for information specific to this project).

The project’s budget is currently estimated at approximately $24 million. LIHTC equity is preliminarily estimated at $12.8 million and private debt is estimated at $4.8 million. Formal details of the tax credit equity and private debt will be confirmed in a Request for Proposals to be issued in Summer 2017. Through a competitive application process, the City of Portland Housing Bureau (PHB) has reserved $4.5 million in Interstate Urban Renewal Area funds to loan to the project. PHB will also grant the land to the project.

April 27, 2017 · by Travis Phillips · Featured, New Construction, Pathway 1000, PCRI, The Beatrice Morrow
PCRI Ground Breaking 040717_NH12039

PCRI and Mayor Wheeler celebrated groundbreaking of the Beatrice Morrow on April 7

On April 7, PCRI and Portland Housing Bureau welcomed Portland Mayor Ted Wheeler, city officials, nonprofit leaders, and business partners for a groundbreaking celebration. Named to honor Portland civil rights pioneer Beatrice Morrow Cannady, the 80-unit mixed-use commercial and residential building will be the first city-funded project to use Portland Housing Bureau’s Preference Policy to prioritize rental homes for previously-displaced residents.

Following the groundbreaking celebration, Ms. Morrow Cannady’s great grandson heard news of the development and reached out to PCRI to share his enthusiasm and appreciation.
“I can’t tell you how much this means to me and my daughters! Beatrice Morrow Cannady was my great grandmother and she has been a beacon of inspiration to our family for generations,” he said. “It wasn’t until I was in medical school that I began to learn of her contributions to our people and our nation. I have her law school diploma framed and hanging in my home office next to my medical school diploma!”

PCRI Ground Breaking 040717_NH12006The five-story building will be built along NE Martin Luther King Jr. Blvd between Cook and Ivy Streets. It includes 80 affordable rental homes for residents displaced from North and Northeast Portland. Forty-four of the 80 apartments will have two or more bedrooms. In addition to the apartments in the building’s upper floors, the ground floor will include over 6,000 square feet of commercial retail space as well as a large community room for use by the building’s residents and members of the neighborhood. Construction is anticipated to be complete in mid-2018 and all apartments are expected to be leased by the end of the year.

“This is an important opportunity to provide access to affordable family rental housing in a neighborhood that has experienced displacement and gentrification in the past several decades,” said Ms. Fitzpatrick. “PCRI was formed as, and continues to be, a solution to involuntary displacement. This project will help ensure everyone can experience the stability, safety and dignity that a home provides.”

Of the total project budget of $25 million, the city will loan the development $7.35 million in Interstate Urban Renewal Area funds and will grant the land to the project. In September 2015, the Portland Housing Bureau selected the team led by PCRI to develop and own the project through a competitive “Request for Qualifications” process. Other team members include Gerding Edlen, development partner for the project; Colas Construction, the project’s general contractor; and Carleton Hart Architects.

PCRI Ground Breaking 040717_NH12051

Andrew Colas, PHB Director Kurt Creager, Maxine Fitzpatrick and Commissioner Dan Saltzman at the groundbreaking

The development team has had a particular focus on creating equitable economic opportunity in the development of the project, including partnership with Colas Construction and Carleton Hart Architects, both minority-owned firms. Professional services contracted during the project’s design phase have been overwhelmingly focused on minority- and women-owned firms. In addition, Colas Construction anticipates at least 30-40% of the project’s construction will be performed by certified minority-owned, women-owned, and emerging small business firms.

“There was intentional gentrification and displacement of African Americans in our community,” Mayor Ted Wheeler said in a March 22 meeting where Portland City Council voted unanimously to approve city financing for the development. “This project… puts Portland in the unique position of being the first in the country to not only acknowledge that displacement as a result of gentrification, but it puts us in the unique position of seeking to reverse it.”

In addition to the Portland Housing Bureau, project partners include Oregon Housing and Community Services, U.S. Bank, Bellwether Enterprise Real Estate Capital, Home Forward, and Meyer Memorial Trust.

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